SAS Voices

Risk Management

See how to manage risk to drive efficiency and compliance

Shannon HeathMarch 15, 2012 3

Could high-performance analytics have prevented the housing crisis?

There's been a lot of conversation recently around SAS High-Performance Analytics. And, rightly so - it's incredibly cool and applicable to every industry imaginable, including financial services. What if your risk calculations had seen the '08 credit collapse in time? CBS SmartPlanet addresses this (and highlights SAS High-Performance Analytics, with

Risk Management

Alison BolenFebruary 23, 2012 2

Higher performance, lower risk with grid computing

The volatile financial markets leave no wiggle room for risk. Or second thoughts. We need the right answers to some tough questions, and we need them now. There is zero tolerance for errors. And no time for delays. Samsung Securities gets it. That's why they've boosted their SAS solution for enterprise risk management

Risk Management

Leo SadovyNovember 1, 2011 7

Normal accidents, Risk, and the Man who Saved the World

If you are feeling out of sorts, a bit down and out, and want to take it all the way to full-blown depression, have I got a book recommendation for you: “Normal Accidents”, by Charles Perrow (1984). Perrow’s premise is that we have designed certain systems, nuclear reactors being his primary

Risk Management

Waynette TubbsOctober 19, 2011 0

CFPB interview: Product development in the era of regulatory unrest

One of the most widely attended sessions at the BAI Retail Delivery conference was a Q&A hosted by John Colas, Partner at Oliver Wyman. Colas was interviewing David Silberman, the Assistant Director, Deposit and Payment Markets Consumer Financial at the Consumer Financial Protection Bureau (CFPB). As you can imagine, there

Analytics | Risk Management

Peter DorringtonJune 17, 2011 0

An educated use of risk models in the financial services sector

I had the pleasure to be the host of the Risk and Finance Insight Session on the second day of The Premier Business Leadership Series, where we discussed the subject of enterprise risk management and financial stewardship. With global, political and financial upheaval becoming the norm (and during the conference

English

Analytics | Risk Management

Ed WalkerJune 15, 2011 0

Risk: confident or complacent?

A panel of risk experts gave their reaction to the publication of the fifth global risk management survey report undertaken by SAS and the Economist Intelligence Unit. The report suggests that while lessons have been learned, some institutions may be sliding into complacency. At any rate, risk appetites are growing

English

Analytics | Risk Management

Leo SadovyMay 27, 2011 2

A Plethora of Black Swans

I was under the impression that Black Swans were supposed to be rare. Rare enough to be effectively non-computable by standard methods. Nassim Taleb’s formulation of the Black Swan Theory is comprised of the three traits of: outlier (rarity), extreme impact, and retrospective predictability (i.e. 20/20 hindsight). I write this

English

Risk Management

Rachel Alt-SimmonsApril 19, 2011 0

Putting the enterprise in enterprise risk management

The goal of enterprise risk management (ERM) is to eliminate the siloed approach to identifying, monitoring and managing risk practices throughout an organization. By applying a consistent approach to ERM policies and procedures through a clearly delineated organizational risk hierarchy, organizations can mitigate risk and identify new business opportunities. Insurers

Risk Management

Waynette TubbsSeptember 3, 2010 0

Should we do more in risk management?

There are numerous strategic risk issues that might keep a chief risk officer or chief executive officer awake at night. Particularly since the financial meltdown, many are asking themselves (and anyone who will listen), “Do we need to do more in risk management?” Evaluating your program is an intense process,

Risk Management

David RogersJuly 23, 2010 2

Business Analytics 101: Risk Management

What is Risk Management? Risk Management can be found in many forms. This was emphasized to me while I was Googling “risk management in financial firms.” What I found were hits covering risk management across a wide spectrum of activities, from risk assessment for projects large and small to mathematical

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